Johnson Controls International (NYSE:JCI) Price Target Raised to $125.00

Johnson Controls International (NYSE:JCI) had its target price upped by Deutsche Bank Aktiengesellschaft from $124.00 to $125.00 in a research note published on Thursday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on JCI. Morgan Stanley increased their target price on Johnson Controls International from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson Controls International in a research note on Saturday, September 27th. Robert W. Baird increased their target price on Johnson Controls International from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Royal Bank Of Canada increased their target price on Johnson Controls International from $112.00 to $114.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Zacks Research raised Johnson Controls International to a “hold” rating in a research note on Monday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.00.

Johnson Controls International Stock Up 0.0%

JCI opened at $108.70 on Thursday. The business has a 50 day moving average price of $106.78 and a two-hundred day moving average price of $98.41. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.50. The company has a market cap of $71.13 billion, a PE ratio of 32.25, a P/E/G ratio of 1.64 and a beta of 1.33. Johnson Controls International has a 52 week low of $68.03 and a 52 week high of $112.63.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.99 by $0.06. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $5.99 billion. Johnson Controls International had a return on equity of 14.71% and a net margin of 9.53%. Johnson Controls International has set its FY 2025 guidance at 3.650-3.680 EPS. Q4 2025 guidance at 1.140-1.170 EPS. As a group, research analysts anticipate that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International declared that its board has authorized a stock repurchase plan on Friday, June 13th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 13.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Johnson Controls International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Monday, September 22nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio (DPR) is 47.48%.

Insider Activity at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $625,604.41. Following the completion of the transaction, the vice president directly owned 25,005 shares of the company’s stock, valued at $2,643,778.65. This trade represents a 19.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Nathan D. Manning sold 1,422 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the sale, the vice president owned 139,459 shares in the company, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,761 shares of company stock valued at $922,447 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Johnson Controls International by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 69,365,463 shares of the company’s stock valued at $7,326,380,000 after buying an additional 920,777 shares during the last quarter. State Street Corp grew its holdings in Johnson Controls International by 2.5% during the 2nd quarter. State Street Corp now owns 28,521,478 shares of the company’s stock valued at $3,022,673,000 after buying an additional 683,467 shares during the last quarter. Franklin Resources Inc. grew its holdings in Johnson Controls International by 3.0% during the 2nd quarter. Franklin Resources Inc. now owns 23,223,902 shares of the company’s stock valued at $2,452,909,000 after buying an additional 675,862 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 2.7% during the 2nd quarter. Fisher Asset Management LLC now owns 16,604,983 shares of the company’s stock valued at $1,753,818,000 after buying an additional 430,437 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Johnson Controls International by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 14,285,011 shares of the company’s stock valued at $1,501,266,000 after buying an additional 120,078 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

About Johnson Controls International

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.